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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Estimated Values of Stock Option Grants Valuation Assumptions

The weighted average estimated values of director and employee stock option grants, as well as the weighted average assumptions that were used in calculating such values during the twelve months ended December 31, 2016 and 2015, were based on estimates at the date of grant as follows:

		April 30,				January 1,				February 10,				December 6,
		2015 Grant				2016 Grant				2016 Grant				2016 Grant
Risk-free interest rate			1.43	%			1.76	%			1.15	%			1.84	%
Weighted average expected term			5 years				5 years				5 years				5 years
Expected volatility			143.10	%			134.18	%			132.97	%			123.82	%
Expected dividend yield			0.00	%			0.00	%			0.00	%			0.00	%

Schedule of Stock Option Activity

A summary of stock option activity during the twelve months ended December 31, 2016 and 2015 under our stock option agreements is as follows:

										Weighted-
						Weighted-				Average
		Shares				Average				Remaining				Aggregate
		Under				Exercise				Contractual				Intrinsic
		Option				Price				Life				Value
Outstanding at January 1, 2015			-
Granted			768,000			$	0.75
Exercised			-
Forfeited and expired			-
Outstanding at December 31, 2015			768,000			$	0.75				9 years			$	115,200
Exercisable at December 31, 2015			528,000			$	0.75				9 years			$	79,200
Outstanding at January 1, 2016			768,000			$	0.75
Granted			560,000				0.90
Exercised			-
Forfeited and expired			-
Outstanding at December 31, 2016			1,328,000			$	0.81				9 years			$	115,200
Exercisable at December 31, 2016			590,500			$	0.77				8 years			$	79,200

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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